This help file outlines the suggested processing that should be completed on a daily, weekly and monthly basis. It is intended that you use this checklist to start with and build on it to create you own for your own business.
Daily:
- Process Sales Invoices / Repair Orders
- Process Purchase Orders
- Process Paid Outs (if used)
- Process Customer payments
- Receipt Purchase Orders and enter supplier invoices in AP Invoice Entry
- Enter payments made and non-stock purchases/expenses in Manual Cheques
- Day End/Backup
Weekly:
- Reconcile Bank Accounts to Bank Statements
- Reconcile Amex/Diners Holding Accounts
- Process Wages
Monthly:
- Reconcile and pay Suppliers via AP Cheque Prep
- Send Accounts Receivable Statements
- Pay BAS/IAS/Superannuation if due this month
- Monthend and associated reports
If you have any queries regarding Processing Checklist in COSTAR, please contact the Support Desk